1. There is a need to keep the WTO alive and strong for which an initiative was taken to arrange a mini-ministerial meeting in Delhi, after the failure of ministerial talks at Buenos Aires (Argentina).
  2. The Commerce Ministry, in association with exporters' bodies, is in the process of preparing a product-market matrix for the realisation of additional exports to the tune of USD 100 billion in the next few years.
  3. Elaborating on the issue of export subsidies, Prabhu said that the Organisation for Economic Cooperation and Development (OECD) countries were giving more subsidies to their farmers, particularly in the export of agriculture products.
  4. On the trade dispute with the US, India is trying to resolve the matter. 
  5. None can be deduced.
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1 Answers

Option 5 : None can be deduced.

The correct answer is option 5, i.e. None can be deduced.

Options (2) and (3) are irrelevant and can be rejected on the first reading as we cannot infer anything which is not mentioned in the above-given statement. Both the options state independent ideas regarding ‘exports to the tune of USD 100 billion' and ‘countries were giving more subsidies to their farmers' respectively. Option (4) can also be rejected as no information is stated regarding the fact that there is a trade dispute between India and the US and India is trying to resolve it.

Option (1) could have been a perfect deduction if the exact details regarding the meeting wouldn't have been mentioned. As we cannot infer anything on our own, none of the options stated captures the essence of the above statement and is thus not suitable deductions. Hence, the most appropriate answer choice is option 5.
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Related Questions

Two statements are followed by three Conclusions I, II and III. You have to consider the statements to be true, even if they seem to be at variance from commonly known facts. You are to decide which of the given conclusions can definitely be drawn from the given statements and indicate your answer accordingly. Statements: I. After a Pay Commission bonanza of 2% hike in dearness allowance in March, central government employees and pensioners can expect another round of salary increase with the government set to modify the index and base year for calculating dearness allowance.  II. The labour ministry is working on a new series of consumer price index for industrial workers (CPI-IW), which is used to determine dearness allowance (DA).  Conclusions: I. DA is a cost of living adjustment allowance paid to government employees, public sector employees and pensioners in the country. It is calculated as a percentage of an employee’s basic salary to mitigate the impact of inflation on people.  II. Since theindex is used to determine dearness allowance of all government employees and industrial workers there may be significant financial implication. III. The trend so far is that the weightage of transport, healthcare and housing has gone up many fold in the new series in the monthly expenditure of an industrial worker, especially consumption of petrol and diesel with the addition of cars to it, while there is decline in overall food basket which is being diversified.?
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